Home costs are on the rise from coast to coast, and alongside rising costs comes a rising demand for larger home loans. That’s where we come in. Here at MortgageBase, we specialize in providing super jumbo loans and refinances for folks across the nation. We provide a variety of loan products including all of the following:

Super Jumbo Loan FAQ

Curious about our super jumbo mortgages? Take a look at our list of frequently asked home loan questions. If you don’t find the answers here, don’t hesitate to give us a call. We’re here to connect you with all the answers, and hopefully, the ideal loan to earn you that dream home. Here are some of the most popular questions we encounter:

 What Is a Super Jumbo Mortgage?

Unlike jumbo home loans, super jumbo mortgages are home loans which are more than $1 million. Here at MortgageBase, we can lend up to $10 million for primary residence and vacation residence purchases.

What Loan Options Are Available?

Here at MortgageBase, we offer dozens of jumbo and super jumbo loan options, and we customize each loan for each unique borrower.

What Are the Terms?

Terms vary loan by loan. Explore our loan products, or get in touch with us if you have any questions surrounding our loan terms. We’ll work with you to identify a loan product that’s best suited to your demands and finances.

How Much Down Payment Is Required?

You may be required to pay down 10 percent of the home value (or more) in order to secure a super jumbo mortgage. Paying down a larger percentage of the home value can reduce the interest rate applied to the loan.

What Are Your Loan Rates?

At MortgageBase, we provide competitive loan rates. You can request a custom rate quote for your home loan, or reach out to us learn more. Currently, home loan rates on jumbo and super jumbo loans are comparable or better than rates that you’ll find for a conforming home loan or traditional mortgage.


Who Qualifies for a Super Jumbo Mortgage?

While there are general guidelines for loan qualification, each case is unique. We’ll take time to assess your financial stance and the loan types and rates that are viable options. 

That said, here are some rough guidelines which you can follow—jumbo mortgage borrowers should have:

Great Credit: If you’re looking for a larger loan, you’ll need to have great credit. Shoot for a FICO credit score of 750 or higher. You may receive lower rates if your credit score is considered exceptional, or above 800.

Steady Income: You should have a steady source of income to attain a large home loan. Lenders prefer buyers with documented income. If you’re self-employed, be sure to keep tax return records to prove your income.

Low Debt-to-Income Ratio: In addition to a steady income, you should have a low debt-to-income ratio. Lenders seek buyers who have a debt-to-income ratio that’s about 45 percent or less. Be mindful of your monthly bills, and compare those costs to your income. Reduce your debt-to-income ratio to become eligible for these non-conforming loans.

Some Money Down: Be prepared to put some money down on your home investment. While the requirements for a down payment are flexible, you will have to invest some money upfront to purchase your property. You may have to pay 20 percent of the value of the home or more in order to attain a mortgage. Ask us about our loan-to-value requirements.

Savings: Lenders look for borrowers with a bit of money in the bank. Plan on having 6 to 12-months worth of savings, or reserves, set aside in your bank account. These reserves provide loan security should you lose a source of income.

Ready to Get Started?

If you’re ready to shop around for the best home loan to fit your needs, you can get a free rate quote in minutes. Count on MortgageBase as your super jumbo home loan provider. We offer diverse mortgage products and competitive rates on our home loans.